Traditional Culture Encyclopedia - Hotel franchise - How to use the pos machine in Home Inn? How to use pre-authorization
How to use the pos machine in Home Inn? How to use pre-authorization
Pre-authorization business refers to the business that a special merchant obtains a payment commitment that does not exceed a certain proportion of the pre-authorization amount from the card issuer within 30 days, and accepts it from the card issuer after the cardholder obtains the goods or accepts the service.
Generally speaking, it is the business of freezing part of the funds in the bank card as deposits and then settling according to the actual consumption amount. Specifically, when the cardholder spends money in a merchant, the merchant cashier applies for authorization from the card issuer according to the cardholder's demand and the estimated consumption amount, and the card issuer gives a response according to the customer's account. For the approved application, the credit limit (credit card) or deposit amount (debit card) in the cardholder's bank card will be temporarily frozen as deposit. Generally speaking, the frozen amount cannot exceed 1 15% of the pre-authorized transaction amount. After the cardholder's consumption is officially completed, the merchant requires the card issuer to conduct formal liquidation according to the actual consumption amount.
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